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Ethereum Price Overvalued, ETH Continues to Face Competition from Other Blockchains, JPMorgan Analysts Say
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Ether should be 55% lower and is facing tough competition from solana and other blockchains, JPMorgan strategist says
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Ethereum s daily issuance just went negative for the first time, following the network overhaul that burns coins
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Crypto mover: SKALE soars in Thursday’s trading
The token strongly, some 56%, amid high trading volumes.
The SKALE (SKL) crypto token shot up 56% in Thursday’s deals to trade at around 60 US cents.
At that price the token has a market cap of US$576mln and in the past 24 hrs it has seen trading volumes worth some US$519mln.
SKALE is presently the eleventh most popular on the Coinbase exchange.
According to Coinbase, trading activity is skewed 56% to buyers (based on customers changing their net positions over the past 24 hours, as at 5:44am).
SKL is an Ethereum-based token used to power the Skale network which is described as a ‘leaderless consensus network designed to run an uncapped number of independent nodes’.